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Important Forex News On 09 December 2016 | Forexing24

Important Forex News On 09 December 2016 | Forexing24

Important Forex News On 09 December 2016 | Forexing24

Important Forex News: Prelim UoM Consumer Sentiment

Currency NameNews Name     Actual   Forecast  Previous
USDPrelim UoM Consumer Sentiment???94.393.8
SourceLatest Release
MeasureLevel of a composite index based on surveyed consumers;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, around the middle of the current month;
Why Trade CareFinancial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived ViaSurvey of about 500 consumers which asks respondents to rate the relative level of current and future economic conditions;

Industrial Production y/y

Currency NameNews Name     Actual   Forecast  Previous
CNYIndustrial Production y/y???6.1%
SourceLatest Release
MeasureChange in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, excluding Feb, about 15 days after the month ends;
Why Trade CareIt’s a leading indicator of economic health – production is the dominant driver of the economy and reacts quickly to ups and downs in the business cycle;
FF NotesChinese data can have a broad impact on the currency markets due to China’s influence on the global economy and investor sentiment;

Important Forex News: CPI y/y

Currency NameNews Name     Actual   Forecast  Previous
CPI y/y???0.9%
SourceLatest Release
MeasureChange in the price of goods and services purchased by consumers;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 16 days after the month ends;
Why Trade CareConsumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
Derived ViaThe average price of various goods and services are sampled and then compared to the sampling done a year earlier;

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Saimon Akash

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